NHM001 NHM 201501140043A
Industrial action at Northam?s Zondereinde Mine ? Update 1
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
Debt issuer code: NHMI
ISIN code: ZAE000030912
(?Northam? or ?the company?)
INDUSTRIAL ACTION AT NORTHAM?S ZONDEREINDE MINE ? UPDATE 1
As announced earlier today, Northam?s urgent application for an interdict in respect of
unprotected industrial action at the Zondereinde mine has been granted by the Labour
Court. Employees have been directed to return to work and failure to do so could result in
disciplinary action or possibly dismissal.
The industrial action started from the night shift on 13 January 2015. Management has
since received a communique from representatives of the National Union of Mineworkers
(NUM) with regard to its concerns, which appear to relate to recruitment, disciplinary and
leave processes and agreements.
In terms of the recognition agreement with the NUM and the provisions of the Labour
Relations Act, Northam has established processes and channels in place to deal with issues
of this nature without resorting to industrial action.
Management has urged the union to effect a return to work from 15 January 2015,
following which the company will engage with the union on the matters raised.
Smelter operations remain unaffected.
Johannesburg
14 January 2015
Sponsor
One Capital
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